Positive Media Coverage Somewhat Unlikely to Affect WEC Energy Group (WEC) Share Price
Media headlines about WEC Energy Group (NYSE:WEC) have been trending positive on Sunday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. WEC Energy Group earned a coverage optimism score of 0.36 on Accern’s scale. Accern also assigned media coverage about the utilities provider an impact score of 46.0927288463439 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Hot Stock That Must Be in Your Portfolio: WEC Energy Group Inc (NYSE: WEC) – Alpha Beta Stock (alphabetastock.com)
- Jagler: We Energies’ Gale Klappa flips the switch for solar energy – Milwaukee Journal Sentinel (jsonline.com)
- WEC Energy Group Inc (WEC) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- WEC Energy Group Inc (WEC) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Contrasting Kenon (KEN) & WEC Energy Group (WEC) (americanbankingnews.com)
Several research firms recently weighed in on WEC. Zacks Investment Research raised WEC Energy Group from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Friday, October 27th. KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a research report on Friday, October 20th. Credit Suisse Group initiated coverage on WEC Energy Group in a research report on Thursday, December 7th. They issued a “neutral” rating and a $70.00 target price for the company. Bank of America initiated coverage on WEC Energy Group in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $67.00 target price for the company. Finally, BidaskClub upgraded WEC Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. WEC Energy Group currently has a consensus rating of “Hold” and an average target price of $66.00.
WEC Energy Group (NYSE:WEC) last posted its earnings results on Thursday, October 26th. The utilities provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. WEC Energy Group had a return on equity of 10.62% and a net margin of 12.79%. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the company earned $0.69 earnings per share. The business’s quarterly revenue was down 3.2% on a year-over-year basis. equities research analysts forecast that WEC Energy Group will post 3.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 14th will be given a dividend of $0.5525 per share. This represents a $2.21 dividend on an annualized basis and a dividend yield of 3.24%. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.52. The ex-dividend date is Tuesday, February 13th. WEC Energy Group’s dividend payout ratio (DPR) is 68.42%.
In other news, Chairman Gale E. Klappa sold 52,722 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $69.40, for a total transaction of $3,658,906.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott J. Lauber sold 1,240 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $70.00, for a total value of $86,800.00. The disclosure for this sale can be found here. 0.97% of the stock is owned by company insiders.
About WEC Energy Group
WEC Energy Group, Inc was a diversified holding company with natural gas and electric utility operations, an approximately 60% equity ownership interest in American Transmission Company LLC, and non-utility electric operations through its We Power business, as of December 31, 2016. Its segments include Wisconsin; Illinois; Other States; Electric Transmission; We Power, and Corporate and Other.
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